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Rogers Communications Reports First Quarter 2021 Results


Strong execution in Wireless, Cable, and Media deliver solid operational improvements despite continued pandemic lockdown environment
Expanded Wireless adjusted EBITDA service margin by 310 basis points; strong Wireless postpaid net subscriber additions of 44,000
Monthly postpaid churn of 0.88%, improved 5 basis points
Service revenue down 6% and adjusted EBITDA down 1%
Increased Cable service revenue by 5%; grew adjusted EBITDA by 8%
Adjusted EBITDA margin up 110 basis points; capital intensity at 21%
Grew Media revenue by 7%, adjusted EBITDA improved by 31%, reflecting the return of live professional sports broadcasting
Continued expanding wireless service to more rural and underserved communities and providing 5G services to 173 communities across the country
TORONTO, April 21, 2021 (GLOBE NEWSWIRE) Rogers Communications Inc. today announced its unaudited financial and operating results for the first quarter ended March 31, 2021. ....

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